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Stocks Make Quick Recovery, Gold Adds to Gains

August 20, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. stocks opened in the red Friday but quickly bounced back amid concerns about China’s growth and heightened global tensions over Ukraine. As a result of the showdown over Crimea, gold rose to fresh six-month highs on Friday morning of $1,388 an ounce and is headed for its biggest weekly gain in four weeks. Herbalife shares are in the spotlight again after it pushed back its annual shareholder meeting by five days so it can continue talks with activist investor Carl Icahn.

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